Roughly $11.1 trillion has been wiped away from the U.S. stock market since Jan. 17, the Friday before President Donald Trump took the oath of office and began his second term, according to data from Dow Jones Market Data.
Some $6.6 trillion of that figure was lost on Thursday and Friday alone — the largest two-day wipeout of shareholder value on record, Dow Jones data showed.
Even the union worker who doesn’t have a Schwab account has their pension invested in the market.
Not everyone is a union worker. Almost no one has a pension anymore. I don’t know a single person under 45 with either.